The latest edition of Trade Watch is attached below. Trade Watch is a quarterly communication prepared by Ernst & Young's Customs & International Trade Practice. Highlights of this edition include:

Spotlight on the United States

— Trade-related impacts of the United States presidential election
— What is next for NAFTA?

Global

— Technical Committee on Customs Valuation concludes franchise fees are not dutiable additions to value
— Canada and the European Union have signed the Comprehensive Economic and Trade Agreement

Americas

— Brazilian Superior Court rules that local terminal handling charges (capatazia) may not be included in the customs value
— Colombia — New Resolution regarding Special Import and Export Programs (Plan Vallejo)
— Mexico — Recent changes to the Mexican General Foreign Trade Rules
— United States — Foreign national employees and export controls
— United States — Wassenaar Arrangement 2015 plenary agreements implementation: highlights and potential impacts
— United States — Expansion of Harmonized Tariff Schedule of the US Provision 9801.00.10 under the Trade Facilitation and Enforcement Act

Asia-Pacific

— China to adjust consumption tax rates for cosmetic products
— Japan — Update on the liberalization of customs declaration policy
— Japan — Customs annual report on post-entry audits for 2016

Europe, Middle East and Africa

— European Union — Importers in the EU may soon be eligible to receive interest on refunded antidumping duties
— Ivory Coast — Periods of prescription in customs matters
— Turkey — Is VAT on royalties payable to the customs authority or tax authority?
— Uganda — Managing customs post-clearance audits
— Ukraine has launched Single Window

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ATTACHMENT

Trade Watch for December 2016